Cardano
Why Cardano is down 1.2% in the last hour
Analysis
Cardano (ADA) slipped 1.2% over the past hour as bearish sentiment continued following reports that it has fallen out of the top-10 by market cap and recently hit a multi-year low, reinforcing near-term downside pressure. AMBCrypto’s analysis highlighted the weakening price structure and trader caution around the breakdown, which likely contributed to the latest dip.
Contributing Factors (1)
Cardano loses top-10 spot as price hits 3-year low – What should traders do next?
Both in terms of price and activity, Cardano is down in the dumps.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.